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Consolidated Statements of Financial Condition - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 3,633 $ 3,753
Cash segregated for regulatory purposes 36,600 28,840
Securities - segregated for regulatory purposes 27,846 35,386
Securities borrowed 5,369 5,835
Securities purchased under agreements to resell 6,575 5,504
Financial instruments owned, at fair value 1,924 1,488
Receivables:    
Customers, less allowance for credit losses of $25 and $10 as of December 31, 2024 and December 31, 2023 64,432 44,472
Brokers, dealers and clearing organizations 2,196 1,643
Interest 446 375
Total receivables 67,074 46,490
Other assets 1,121 955 [1]
Total assets 150,142 128,251 [1]
Liabilities and equity    
Short-term borrowings 14 17
Securities loaned 16,248 11,347
Financial instruments sold, not yet purchased, at fair value 293 193
Payables    
Customers 115,343 101,012
Brokers, dealers and clearing organizations 476 590
Affiliate 195 210
Accounts payable, accrued expenses and other liabilities 665 504 [1]
Interest 311 311
Total payables 116,990 102,627 [1]
Total liabilities 133,545 114,184 [1]
Commitments, contingencies and guarantees (see Note 14)
Stockholders' equity    
Additional paid-in capital 1,816 1,726
Retained earnings 2,515 1,852
Accumulated other comprehensive income, net of income taxes of $0 and $0 as of December 31, 2024 and December 31, 2023 (45) 8
Treasury stock, at cost, 156,446 and 133,034 shares as of December 31, 2024 and December 31, 2023 (7) (3)
Total stockholders' equity 4,280 3,584
Noncontrolling interests 12,317 10,483
Total equity 16,597 14,067
Total liabilities and stockholders' equity 150,142 128,251 [1]
Asset Not Pledged as Collateral [Member]    
Assets    
Financial instruments owned, at fair value 1,847 1,422
Asset Pledged as Collateral [Member]    
Assets    
Financial instruments owned, at fair value 77 66
Common Class A [Member]    
Stockholders' equity    
Common stock, $0.01 par value per share 1 1
Common Class B [Member]    
Stockholders' equity    
Common stock, $0.01 par value per share
[1] For the consolidated statements of cash flow, the Company considered the change in the crypto-asset safeguarding asset and the crypto-asset safeguarding liability to be non-cash items and were not included in the change in “Other assets” and “Other payables” lines in the consolidated statements of cash flows. As a result, there is no impact to periods prior to the year ended December 31, 2023.